Acting on behalf of a corporate client, Christie + Co has sold the Stanford Arms in Suffolk, to Green Jack Inns, the Lowestoft-based brewer and pub operator, for an undisclosed sum. Located in a densely populated residential area near Lowestoft town centre, the Stanford Arms is a locals’ community pub comprising an open-plan, two-section bar; an enclosed patio area to … [Read more...]
Search Results for: hotel acquisition
Orient-Express appoints Roy Paul as Chief Development Officer
Orient-Express Hotels owners or part-owners and managers of 50 luxury hotel, restaurant, tourist train and river cruise properties in 24 countries, today announced that it has appointed Roy Paul as Chief Development Officer, effective February 1, 2011. "Roy's appointment to this newly created role signals our clear commitment to the considered and strategic long-term growth … [Read more...]
NFS Showcase Technology for CRM and Customer Loyalty
Provider of Hospitality and Leisure IT Solutions, NFS is helping clients across many industry sectors better serve their guests and generate more revenue. At Hostec 2011, NFS Hospitality is showcasing their latest, integrated software offerings for hospitality and leisure businesses. Vistors will be able to see some great new solutions, all of which are helping NFS … [Read more...]
Grosvenor House sold for £470m
The Indian conglemerate, which is run by Subrata Roy, paid £470m in cash for the hotel, which RBS took control of in 2003 when Le Meridien, the previous hotel owner, fell into administration. RBS owned the long lease, and the hotel was earmarked for sale in a bid to shrink the bank’s balance sheet. Sahara fought of competition from two other interested parties to secure the … [Read more...]
Leader in European vacation rentals enters U.S. market
Wyndham Worldwide today announced that its Exchange & Rentals business unit, the worldwide leader in vacation exchange and European leader in vacation rentals, has agreed to acquire ResortQuest, a leading provider in full-service vacation rentals in the U.S. The acquisition price is approximately $56 million (USD), subject to adjustments. The all-cash transaction is … [Read more...]